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    Home » News » Lazy Lions’ Market Manipulation Is Called Out by Crypto Twitter

    Lazy Lions’ Market Manipulation Is Called Out by Crypto Twitter

    By AdeleNovember 4, 2021Updated:January 12, 20232 Mins Read

    Undoubtedly, the NFT collection Lazy Lions had a great start when it launched. However, now it’s facing an uncertain future, as the Twitter NFT community is accusing the project of market manipulation.

    Image featuring a Lazy Lions NFT
    Successful NFT project Lazy Lions is facing accusations of market manipulation from Twitter’s top NFT collectors. Credits: Lazy Lions

    Has Lazy Lions been manipulating the market?

    Over the past few weeks, Lazy Lions has been the talk of the town – but not in a good way. Accordingly, the 10,000-NFT project has been manipulating the market using its very own Discord community. How?

    Back in September, NFT investor GeeGazza posted a shocking Twitter thread exposing Lazy Lions’ alleged market manipulation strategies. The tweet included several screenshots from the project’s ‘Announcements’ Discord channel. There, we could see admins obsessively asking NFT holders to delist their assets in order to raise the floor price of the collection above 3 ETH.

    What’s more, the project promised to reward each member who delisted (or listed their NFT above 3 ETH) with so-called #DIAMONDPAWS. In the same thread, GeeGazza also pointed out the Lazy Lions’ habit of shilling to virtual celebs. Below, you can see an example including the football wide receiver Dez Bryant:

    Screenshot from the Lazy Lions NFT collection official Discord channels
    The project was allegedly focusing too much on raising the floor prices by encouraging holders to delist their NFTs. Credits: Discord

    Surprisingly, the Lazy Lion devs team later announced that a mysterious ‘rogue bot’ had attacked their Discord channel. Reportedly, the bot deleted all of the message histories from both ‘Announcements’ and ‘General’ channels.

    As NFT investor King BlackBored believes, this might be an attempt to cover up the market manipulation tactics implemented over the past few months:

    screenshot of a King BlackBored Twitter post
    According to NFT collector King BlackBored, the Lazy Lions’ claim that a rogue bot had deleted their discord history is a lie. Credits: Twitter

    About the NFT collection

    Lazy Lions was among the most successful projects to launch back in August. The 10,000 lion NFTs had sold out in just five hours, scoring 122 ETH ($380,000 at the time).

    The collectibles are featuring 160 randomly generated traits such as facial expressions, mane, and clothing. Many collectors were attracted by the NFT design, which is somewhat similar to BAYC.

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    All investment/financial opinions expressed by NFTevening.com are not recommendations.

    This article is educational material.

    As always, make your own research prior to making any kind of investment.

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    Adele

    Adele Ioana is a writer with a deep interest in digital visual arts. Between covering two news stories, she enjoys drawing portraits and studying photo manipulation.

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